Community Health Systems Announces Retirement of Division President Michael Portacci
October 26 2017 - 4:30PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
Division President Michael Portacci will retire on December 1,
2017.
Mr. Portacci currently oversees Division II Operations, which
includes affiliated hospitals in Alaska, Arizona, Arkansas,
Louisiana, Missouri, New Mexico and Texas. He joined the Company in
1988 as a hospital CEO, and was promoted to group director with
oversight for multiple facilities in 1991. In 1995, he was promoted
to vice president and he was named senior vice president of group
operations in 2001. He was named division president in 2007. During
his nearly 30-year tenure with the Company, Mr. Portacci has
overseen the strategic acquisitions of several hospitals and large
multi-specialty clinics, and he was a key member of the integration
team in the acquisitions of Triad Hospitals, Inc. and Health
Management Associates, Inc.
Commenting on the announcement, Wayne T. Smith, chairman and
chief executive officer of Community Health Systems, Inc., said,
“Michael has been an accomplished leader and an important member of
our management team. His nearly 30-year tenure spans all of our
company’s major milestones, as well as dynamic changes within the
healthcare industry. Michael has always recognized the importance
of the local hospital in its community and has a strong record of
advocating for quality, safety, and excellent patient care. His
impact will continue on through the care provided by the hospitals
that have benefitted from his leadership.”
The Company intends to name a replacement to oversee Division II
Operations prior to the effective date of Mr. Portacci’s
retirement.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly
traded hospital companies in the United States and a leading
operator of general acute care hospitals in communities across the
country. The Company, through its subsidiaries, owns, leases or
operates 129 affiliated hospitals in 20 states with an aggregate of
approximately 21,000 licensed beds. The Company’s headquarters are
located in Franklin, Tennessee, a suburb south of Nashville. Shares
in Community Health Systems, Inc. are traded on the New York Stock
Exchange under the symbol “CYH.” More information about the Company
can be found on its website at www.chs.net.
Forward-Looking Statements
Statements contained in this news release regarding potential
transactions, operating results, and other events are
forward-looking statements that involve risk and uncertainties.
Actual future events or results may differ materially from these
statements. Readers are referred to the documents filed by
Community Health Systems, Inc. with the Securities and Exchange
Commission, including the Company’s annual report on Form 10-K,
current reports on Form 8-K and quarterly reports on Form 10-Q.
These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes
no obligation to revise or update any forward-looking statements,
or to make any other forward-looking statements, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171026006214/en/
Community Health Systems, Inc.Investor Contacts:Thomas J.
Aaron, 615-465-7000Executive Vice President and Chief Financial
OfficerorRoss W. Comeaux, 615-465-7012Vice President, Investor
RelationsorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, CorporateCommunications, Marketing and Public
Affairs
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